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Glossary
Investing
in gold gets less complicated once you understand some of the
terms used by those in the precious metals industry. This page is
dedicated to providing you with definitions of the more common terms
used. It will start out small but I will be adding to it regularly so
stop back again to see what else has been added.
avoirdupois
weight system: the
common weight system used in the U.S. based on a pound of
16 ounces and an ounce of 16 drams or 437.5 grains
bullion
coin: a coin
whose value is based on the intrinsic value of the precious metal it
contains
commemorative
coin: a coin
produced to recognize/celebrate a person or event
die: the metal
mold that is used to produce (strike) a coin
double
eagle: a U.S. $20
dollar gold coin
hallmark:
the mark or
imprint on a precious metal bar (or ingot) signifying the purity and
maker of the piece
NGC: Numismatic Guaranty Corporation, a leading coin grading service
PCGS:
Professional
Coin Grading Service, one of the premier companies which
grades and certifies coins
planchet:
the blank
(or coin disk) on which the die imprints a coin's design
troy
weight
system: the system
used to weigh gold and silver based on 12 ounces to a pound
and 20 pennyweights or 480 grains to an ounce |
